An Empirical Contribution to Knowledge Production and Economic Growth:

We examine the dynamics of knowledge production for a panel of 19 OECD countries. A new and unique data set is used to proxy the domestic flows of "new-to-the-world" knowledge and ideas. We rigorously address the cross-country heterogeneity in the production of knowledge and the endogeneou...

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Bibliographic Details
Main Author: Luintel, Kul B.. (Author)
Other Authors: Khan, Mosahid (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2005
Series:OECD Science, Technology and Industry Working Papers
Subjects:
Online Access:Volltext
Summary:We examine the dynamics of knowledge production for a panel of 19 OECD countries. A new and unique data set is used to proxy the domestic flows of "new-to-the-world" knowledge and ideas. We rigorously address the cross-country heterogeneity in the production of knowledge and the endogeneous nature of this process. The parameters of the knowledge production function point to large cross-country differences. Domestic and foreign stocks of knowledge and ideas have a net positive effect on the production (flows) of new ideas. Countries with a low domestic knowledge base appear to improve their TFP considerably through the accumulation of knowledge. This effect is very modest for countries that already have a sizeable domestic knowledge base. We find ample evidence of duplicate R&D but no support for endogenous growth. Given the heterogeneous nature of knowledge production across OECD countries, R&D policy will need to be adapted to the specific nature of each country; a one-size-fits-all approach will not be effective
Physical Description:1 Online-Ressource (28 Seiten) 21 x 29.7cm
DOI:10.1787/861778011460

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